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Entering Average Mortgage Balance for Interest Deduction Directly
Why doesn't TT allow you to enter average mortgage balance directly instead of forcing you to you to use the (1/1 + 12/31)/2 method which may not be right for you. It allows you to enter the "ending balance" - any number you want - so why not the actual average balance that you have calculated (beginning balance is on the 1098). It seems you have to fake the ending balance to get their calculation to come out to the correct number. Hate to have to fake numbers to use TT and maybe later have to explain to the IRS. Is there a way to do this correctly?
‎January 23, 2026
4:45 AM